FxPro in Kenya: the money path, deposit to payout

Why traders choose FxPro

• Open to Kenyan residents according to FxPro
• Choice of 5 account types across MT4, MT5, cTrader and FxPro Edge
• Raw spreads from 0.0 pips on commission accounts
• 2,116 instruments across forex, indices, shares, metals
• No deposit or withdrawal fees on most methods
• Fast no-dealing-desk execution and negative balance protection

FxPro Kenya — quick verdict

FxPro is a globally established broker (since 2006) that, according to FxPro, accepts Kenyan clients. With raw spreads, fast no-dealing-desk execution and a choice of professional platforms, it is a strong option for Kenyan forex and CFD traders. You can also read the independent FxPro reviews we feature across the site, summarised from real trader feedback. Confirm the latest terms before depositing.

Money in: what a first deposit from Kenya involves

Funding happens in the FxPro Direct client area rather than in the trading terminal, and $100 is the only hard number at the start: it is the account minimum and also the per-deposit minimum on cards, bank wire and the e-wallets. Card and e-wallet transfers are usually credited within about 10 minutes. A domestic bank transfer normally lands the same business day, while an international wire takes 3 to 5 business days.

Two details decide how smooth the rest of it feels. Money first arrives in your FxPro Wallet and you then move it across to the trading account, so a balance that looks stuck is often just sitting one step short of the terminal. And because a payout returns by the method the deposit arrived on, the card or wallet you pick on day one is the one you will be paid out on later. Choose a route you can actually receive money on from Kenya.

FxPro states that it charges no deposit fee. Anything that does come off the top on the way in belongs to your bank or payment provider rather than the broker, so it is worth asking them what they apply to a transfer that leaves the shilling before you send the first one.

What the account takes while a position is open

Between the deposit and the payout there are only three recurring charges. On MT4 Standard and MT5 you pay the spread and nothing else. On Raw+ and cTrader the spread starts at 0.0 pips and a commission of $3.50 per lot per side is charged instead, on the open and again on the close. Hold past the daily rollover and an overnight swap is debited or credited depending on the instrument and the direction of your trade, tripled on Wednesday nights to cover the weekend value date, and not charged at all on eligible swap-free accounts, according to FxPro.

Which of the two pricing models is cheaper is not a matter of opinion, it is arithmetic that changes with the instrument and with the spread at the moment you trade. That is why this site publishes the spreads it measures on a live Raw+ terminal every day: see live spreads for the current readings and spreads for the Standard and Raw+ comparison. The fourth line only appears if you stop: an inactivity fee applies after 6 months of no activity.

Withdrawals go back the way they came. FxPro states it charges no withdrawal fee on most methods and aims to process a request within one business day. E-wallet payouts are usually same business day, card payouts usually within a business day, and an international wire again takes 3 to 5 business days. Cards and bank wire carry a $100 minimum on the way out while Skrill, Neteller and PayPal have none, and how long the money then takes to show up is your provider's clock rather than the broker's.

From sign-up to first payout, in the order that avoids the waiting

1. Register with an email address and your residential details. Registration itself takes a few minutes.
2. Upload documents before you fund anything: a government-issued photo ID such as a passport or driver's licence, plus a proof of address like a recent utility bill or bank statement. Identity checks are usually same-day but can take longer, and clearing them first is what keeps a later withdrawal from stalling.
3. Pick the funding route you can also be paid out on, because a withdrawal has to use the same method as the deposit.
4. Deposit from $100 into the FxPro Wallet, then move the balance across to the trading account you actually intend to trade.
5. Start on the free demo, or size a first live position at 0.01 lots, so the cost lines above stay small while you learn what they feel like.
6. Request the payout in the Withdrawal section on that same method. Skrill, Neteller and PayPal have no minimum, cards and bank wire start at $100.

CFD trading carries a high risk of losing money. Terms can change, so confirm the current conditions before you deposit.

What each money step costs and how long it takes

Times and amounts are what FxPro states for its own processing. Your bank or e-wallet adds its own timing and its own charges on top.